New QBCC Reporting Laws and How Businesses Should Comply In an attempt to prevent insolvencies and corporate collapses in the Queensland building and construction industry, the Queensland Building Construction Commission (QBCC) have implemented new reporting laws. The new regulations for Minimum Financial Requirements (MFR) commenced on the 1st of January 2019 and will coincide with…
What is Fringe Benefits Tax or FBT? A fringe benefit is a benefit provided in respect of employment, essentially a benefit provided to an employee (or their associate) because they are an employee. An example of a fringe benefit being provided to an employee may be one of the following: Allowing your employees to use…
Easily Track Your Transactions and Business Records With ReceiptBank How often have you looked at your business records and struggled to work out what a transaction was for in order to correctly allocate it or answer the inevitable question from the accountant? You can’t remember what it was for, because it was a long time…
Welcome to Our February Update The shortest month of the year but a lot going on! I am sure you, like me, have been to a seminar because you wanted to know more about a specific topic, but thought “ahhhhh I’ll have to listen to all those other speakers that I have no interest in…
Key Points to Remember in Keeping Your SMSF Compliant A self-managed super fund (SMSF) is a way of saving for your retirement. It is different from a regular super fund as the members are usually also the trustees. This means the members make the investment decisions for the fund and are responsible for complying with…
You May Need To Renew Your PPSR Registration Time is up! It has been 7 years since the inception of the Central Registry, developed as a result of the Personal Property Securities Act 2009 (PPSA). If you registered at the time, you may need to renew your PPSR registration, if you are not sure, just…
Partners to Help You Take a Great Idea to Global Commercialisation Can you imagine the excitement that exists when you recognise that the bright idea you just thought of becomes a reality; that moment when your first sale vindicates the hard work in bringing that idea to market? For many, it is pure excitement, euphoric…
Keep the ATO Happy and They Will Work with You Better Whether you’re an individual, a new business or have been “in the game” for a long time, there is one government agency we all have to report to…the Australian Taxation Office (ATO). Now, for some this may seem daunting, especially when you’re taking the…
Advivo March 2019 Business Seminar – ‘Speed Dating’ Style We understand businesses and our clients are confronted & challenged by an enormous range of issues and changes while also maintaining the day to day operations, not to mention the legislative changes and compliance that applies to different industries. Education is key and an important…
Easy-To-Use Business Scoreboard To Ascertain Your Business’s Health January is the time to take a step back and reflect on the financial year to date. At Advivo, we understand that business owners are busy at this time of year. However, prioritising a monthly processing of financials and undertaking regular reporting will help you to identify…
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